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Global Cannabis Seeds Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cannabis Seeds Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - 14.7% Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 404.62 Million
Diagram Market Size (Forecast Year) USD 1212.13 Million
Diagram CAGR 14.7%

Global Cannabis Seeds Market, By Seed Type (Regular Seeds, Feminized Seeds, and Autoflowering Seeds), Product Type (Flowers, Concentrates, Edibles, Tophical and Tinctures, and Others), Strain (Indica, Hybrid, and Sativa), Compound (THC Dominant, CBD Dominant, and Balanced THC and CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, and Seeds Manufacturing Companies), Application (Medical Industry and Recreational) - Industry Trends and Forecast to 2031.

Cannabis Seeds Market

Cannabis Seeds Market Analysis and Size

The cannabis seeds market offers diverse varieties categorized by compounds such as THC dominant, CBD dominant, and balanced THC/CBD. It caters to both inorganic and organic preferences, reflecting the growing demand for a range of cannabis products with varying psychoactive and therapeutic properties in the ever-expanding cannabis industry.

Data Bridge Market Research analyses that the global cannabis seeds market, which was USD 404.62 million in 2023, is expected to reach USD 1,212.13 million by 2031, at a CAGR of 14.7% during the forecast period 2024 to 2031. “Regular seeds” dominate the global cannabis seeds market, serving as the preferred choice for commercial production, enabling both bud and seed production. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Cannabis Seeds Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Seed Type (Regular Seeds, Feminized Seeds, and Autoflowering Seeds), Product Type (Flowers, Concentrates, Edibles, Tophical and Tinctures, and Others), Strain (Indica, Hybrid, and Sativa), Compound (Thc Dominant, Cbd Dominant, and Balanced THC and CBD), Category (Inorganic and Organic), Distribution Channel (Store Based Retailing and Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, and Seeds Manufacturing Companies), Application (Medical Industry and Recreational)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

T.H.Seeds (Netherlands), Delicious Seeds (Spain), Royal Queen Seeds (Spain), Dutch Passion  (Netherlands), Sweet Seeds (Spain), Aswartha Traders (India), Serious Seeds (Netherlands), DNA Genetics (Netherlands), Sensi Seeds (Netherlands), Green House Seed Company (Netherlands), Crop King Seeds (U.S.), Amsterdam Marijuana Seeds |Online Seedbank (Netherlands), Paradise Seeds (Netherlands), Mountain Top Seed Bank (India), Kannabia (Spain), Samridhi Herbs (India)

Market Opportunities

  • Supply Chain Integration Boosts Efficiency in Cannabis Market
  • Technological Innovations Transform Cannabis Seeds Cultivation

Market Definition

Cannabis seeds are the reproductive units of the cannabis plant, containing genetic material for cultivation. These seeds carry the hereditary traits that influence the plant's characteristics, such as growth pattern, cannabinoid content, and morphology. Cultivators use these seeds to propagate and produce cannabis plants with desired traits, fostering a diverse range of strains to meet various consumer preferences and market demands.

Global Cannabis Seeds Market Dynamics

Drivers

  • Therapeutic Awareness Among People

As awareness of the therapeutic benefits of cannabis grows, there's a subsequent increase in cultivation and consumption, positively influencing the cannabis seeds market. Consumers, informed about the potential medicinal properties, seek specific strains tailored to address various health concerns. This heightened therapeutic awareness not only expands the user base but also fuels demand for specialized cannabis seeds, driving innovation in breeding techniques and contributing to the overall growth and diversification of the market.

  • Legalization Acceptance for Medical and Recreational Purposes

The market for cannabis seeds experiences growth as global attitudes toward cannabis shift, leading to increased acceptance and legalization for both medical and recreational purposes. Legalization trends provide a conducive environment for expanded cultivation and sales. With regulatory barriers diminishing, the market benefits from broader consumer access, creating economic opportunities. This changing legal landscape encourages investment, innovation, and a more widespread adoption of cannabis, propelling the overall growth of the cannabis seeds market.

Opportunities

  • Supply Chain Integration Boosts Efficiency in Cannabis Market

Supply chain integration in the cannabis seeds market offers companies a chance to control and streamline processes from cultivation to distribution. This vertical integration enhances operational efficiency, ensuring product quality and meeting market demands. Through managing various stages in-house, companies can mitigate risks, maintain consistent quality standards, and respond more effectively to market fluctuations. This approach fosters a more resilient supply chain and positions businesses to capitalize on the evolving dynamics of the cannabis seeds market.

  • Technological Innovations Transform Cannabis Seeds Cultivation

Technological advancements present a significant opportunity in the cannabis seeds market by revolutionizing cultivation practices. Integrating advanced technologies such as precision agriculture, AI-driven monitoring, and innovative breeding techniques can enhance efficiency, resulting in higher yields and superior product quality. Automation in cultivation processes, coupled with data analytics, enables precise monitoring and optimization of environmental conditions. Embracing these advancements improves resource utilization and positions companies at the forefront of innovation, ensuring competitiveness and sustainability in the dynamic cannabis market.

Restraints/Challenges

  • Financial Access Limits Cannabis Seeds Market

Banking and financial constraints in the cannabis seeds market impede market growth by limiting access to essential financial services. The industry's lingering stigma prevents many cannabis-related businesses from establishing traditional banking relationships, hindering their ability to conduct secure and transparent financial transactions. This lack of access to banking services not only obstructs day-to-day operations but also discourages potential investors, restricting capital inflow. The resultant financial instability can impede business expansion, research, and development, thereby hampering the overall growth potential of the cannabis seeds market.

  • Inconsistent Quality Affects Cannabis Seeds Market

Inconsistent seed quality can lead to variations in plant characteristics and cannabinoid profiles, diminishing consumer confidence. Negative experiences with unreliable strains may deter repeat business and hinder brand loyalty. Furthermore, it could result in reputational damage for businesses, impacting their market standing and potentially reducing overall demand, thereby constraining the market's potential for growth. Therefore, quality control issues pose a challenge in the cannabis seeds market, affecting market growth by compromising the reliability of strains and product satisfaction.

This global cannabis seeds market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cannabis seeds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In January 2023, Royal Queen Seeds emerged as a pioneer in the cannabis seeds market by introducing the first true F1 cannabis hybrids. These seeds, cultivated from inbred lines, offer uniformity, stability, and high-yield quality. This breakthrough from one of Europe's leading seed banks addresses the demand for consistent and reliable crops, potentially reshaping the industry
  • In September 2022, CBD Seed Europe marked a milestone in the cannabis seeds market as it registered two high-CBD genotypes, "Midwest" and "Northwest," on the European Seed Register. These cultivars, claiming CBD concentrations of up to 12%, surpass the typical CBD levels in registered seeds. The company plans to navigate evolving regulations and develop strains with even higher CBD content, reflecting dynamic advancements in the industry

Global Cannabis Seeds Market Scope

The global cannabis seeds market is segmented on the basis of seed type, product type, strain, compound, category, distribution channel, type of vendors, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Seed Type

  • Regular Seeds
  • Feminized Seeds
  • Autoflowering Seeds

Product Type

  • Flowers
  • Concentrates
  • Edibles
  • Tophical and Tinctures
  • Others

Strain

  • Indica
  • Hybrid
  • Sativa

Compound

  • THC Dominant
  • CBD Dominant
  • Balanced THC and CBD

Category

  • Inorganic
  • Organic

Distribution Channel

  • Store Based Retailing
  • Specialty Stores
  • Wholesalers and Distributors
  • Online/E-Commerce Retailing

Type of Vendors

  • Resellers
  • Breeders
  • Seeds Manufacturing Companies

Application

  • Medical Industry
  • Recreational

Global Cannabis Seeds Market Regional Analysis/Insights

The global cannabis seeds market is analyzed and market size insights and trends are provided by seed type, product type, strain, compound, category, distribution channel, type of vendors, and application as referenced above.

The countries covered in global cannabis seeds market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the cannabis seeds market due to a robust consumer base, the prominent presence of key industry players, and increasing research initiatives. With a solid market share, the region benefits from a mature and expanding cannabis industry. The combination of consumer demand, established market players, and ongoing research activities positions North America as a dominant force in the dynamic and evolving cannabis seeds market[AN2] .

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Cannabis Seeds Market Share Analysis

The global cannabis seeds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cannabis seeds market.

Some of the major players operating in the global cannabis seeds market are:

  • T.H.Seeds (Netherlands)
  • Delicious Seeds (Spain)
  • Royal Queen Seeds (Spain)
  • Dutch Passion  (Netherlands)
  • Sweet Seeds (Spain)
  • Aswartha Traders (India)
  • Serious Seeds (Netherlands)
  • DNA Genetics (Netherlands)
  • Sensi Seeds (Netherlands)
  • Green House Seed Company (Netherlands)
  • Crop King Seeds (U.S.)
  • Amsterdam Marijuana Seeds | Online Seedbank (Netherlands)
  • Paradise Seeds (Netherlands)
  • Mountain Top Seed Bank (India)
  • Kannabia (Spain)
  • Samridhi Herbs (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Cannabis Seeds Market size will be worth USD 1,212.13 million by 2031 during the forecast period.
The Cannabis Seeds Market growth rate is 14.7% during the forecast period.
The Therapeutic Awareness Among People, Legalization Acceptance for Medical and Recreational Purposes are the growth drivers of the Cannabis Seeds Market.
The seed type, product type, strain, compound, category, distribution channel, type of vendors, and application are the factors on which the Cannabis Seeds Market research is based.
The major companies in the Cannabis Seeds Market are T.H.Seeds (Netherlands), Delicious Seeds (Spain), Royal Queen Seeds (Spain), Dutch Passion (Netherlands), Sweet Seeds (Spain), Aswartha Traders (India), Serious Seeds (Netherlands), DNA Genetics (Netherlands), Sensi Seeds (Netherlands), Green House Seed Company (Netherlands), Crop King Seeds (U.S.), Amsterdam Marijuana Seeds |Online Seedbank (Netherlands), Paradise Seeds (Netherlands), Mountain Top Seed Bank (India), Kannabia (Spain), Samridhi Herbs (India).
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